Leadership
Fonterra CFO Andrew Murray Resigns to Take Outside Role, Will Leave at End of 2026
By News Desk ·
Key takeaways
- Andrew Murray resigned as Fonterra CFO to take a role outside the company and will remain in the post until the end of 2026.
- Murray joined Fonterra in February 2023 as commercial director of its global markets division and became group CFO a year later.
- Fonterra named insider Richard Allen as CEO in March 2026 following the resignation of Miles Hurrell.
Fonterra Co-operative Group chief financial officer Andrew Murray has resigned to take a role outside the company and will remain in the post until the end of 2026, the dairy co-operative said. The future of trading reported the resignation. Fonterra said it would begin recruiting a new CFO immediately.
Murray's Tenure and the CFO Search
Murray joined Fonterra in February 2023 as commercial director of its global markets division, then took over as group CFO a year later. During his tenure he helped steer strategic initiatives aimed at strengthening the dairy firm's long-term performance and future growth prospects, the company said. Before Fonterra, Murray was finance chief of Simplot Australia, a diversified agribusiness, and held senior finance roles at Cadbury parent Mondelez International.
Fonterra said it would start the recruiting process for a new CFO immediately, with Murray staying in the role until the end of 2026. In March, Fonterra named insider Richard Allen as its CEO following the resignation of Miles Hurrell.
Fonterra's Leadership Transition on Record
Fonterra akta.pro company records show the co-operative replaced CEO Miles Hurrell, who served an eight-year tenure, with Richard Allen, previously president of global ingredients, in May 2026, completing a leadership transition aligned with its post-divestiture B2B focus. The same records list Richard Allen as chief executive officer, Andrew Murray as chief financial officer, Anna Palairet as chief operating officer and Elisa Giusti as chief growth and strategy officer.
Earlier Fonterra Leadership and Capital Moves
Fonterra announced a NZ$1 billion investment to expand its protein manufacturing network over three years, creating up to 60 jobs, Agriland.ie reported in September 2026. The co-operative reported full-year net income of NZ$1.35 billion and basic EPS of NZ$0.54 for FY26, with FY27 guidance of NZ$0.65 to NZ$0.85 per share, Yahoo reported in October 2026. Fonterra also warned that El Niño could affect milk volume growth at the end of the 2026/27 season, The future of trading reported in September 2026.